Statutes > New Mexico Statutes > Chapter 72 - Water Law. > Article 14 - Interstate Stream Commission; Protection of Interstate Streams, 72-14-1 through 72-14-44. > Section 72-14-38 - Terms and conditions of bonds.

Section 72-14-38 - Terms and conditions of bonds.

72-14-38. Terms and conditions of bonds.

The terms and conditions of the bonds including but not limited to: date of issue; maturities; coupon rate or rates; call features; call premiums; refundability; and other covenants covering the general and technical aspects of the bond issue, including provision for additional bonds if and as necessary, shall be as determined in the discretion of the interstate stream commission.